*China just did something which is about to make your next electronics purchase expensive! 🚨* Most electronic devices as well as auto components use rare earth elements, and China is one of the largest exporters of them. These are super-strong magnets made from elements like neodymium and dysprosium — and they’re in short supply now! Why? Because China has tightened export rules for these rare earth minerals. While they’re not actually rare, extracting and refining them is expensive and messy. China figured this out decades ago and became the world’s go-to supplier. Now, with new export rules in place, the Indian auto industry is feeling the heat. If we can’t get enough of these magnets, it could slow down car production — and raise prices for all of us. For the full story, check out today’s Finshots newsletter: https://tinyurl.com/Rare-Earth-Magnets-Become-Weak